Analyst: XRP unlikely to see significant gains following Ripple-SEC settlement

A settlement between Ripple (XRP) and the U.S. Securities and Exchange Commission (SEC) is unlikely to trigger a sharp rise in XRP prices, according to crypto analyst Dom, as reported by The Crypto Basic. While XRP's price doubled in July 2023 after the SEC determined it was not a security, Dom emphasized that the current circumstances are different. The previous surge was driven by unexpected news and a strong market focus on XRP. This time, with a settlement largely anticipated, Dom suggested that any price movement is likely already factored into the market. He projected that a post-settlement increase might be limited to around 20%. Dom also noted that investors who believe XRP has reached its peak may view the settlement as an opportunity to take profits. Fox Business reporter Eleanor Terrett recently cited reliable sources indicating that the Ripple-SEC lawsuit could soon conclude.